| If you've reached an agreement with the buyer after the home inspection has taken place and the buyer has secured a loan, you are almost nearing the closing process. Your title company will examine the title deed, the document that gives someone ownership of the property, and looks for any issues that such as disputed claims or incomplete documentation. A title company will also issue title insurance, which is used to guarantee the homebuyer against any losses that result from problems with the title.
The title company then ensures that all parties are paid correctly, and will transfer funds between you, your lender, and the seller. The title company also ensures the payment of any fees that result from the sale (e.g. recording fees, title insurance, realtor commissions, etc). Once all of this is complete, and the title is recorded, the home is officially in the possession of the buyer. |
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